Mission Statement

Support quality affordable housing options that meet the needs of Utah's individuals and families.

Utahns served by the Olene Walker Housing Loan Fund (OWHLF) includes those with low-incomes, first-time home buyers, residents with special needs such as the elderly, developmentally disabled, physically disabled, victims of abuse, homeless, and Native Americans.

Money from the fund is generally loaned to first time homebuyers, rural homeowners, builders, and developers. The OWHLF is a revolving loan fund. Payments made on these loans are returned to the fund allowing it to be used again for future projects. For multi-family projects, $15 is leveraged from federal and other sources for each dollar contributed by the state.